Magnora Plans 100MW Data Center Project in Norway

Norwegian renewable investment firm Magnora has started work on a new data center project on the western coast of Norway. It has launched Magnora Scale Averøya, a new 100MW data center project in Kristiansund.

Magnora is working with owners of Averøy Industripark and Tore Knapskog, who successfully developed and sold Tonstad DataPark to GreenScale. Magnora will hold 70 percent of the shares in the new entity, Averøy Industripark will hold 22.5 percent, and Torek AS will hold the remaining 7.5 percent.

“This project offers a great opportunity to our target customers, it’s in an industry where time-to-market is decisive and liquid-cooled high-density capacity is critically undersupplied, and the Nordics stand out as an emerging region," said Erik Sneve, CEO of Magnora.